Moore Capital Management Lp adds SVB Financial Group (SIVB) to its portfolio

SVB Financial Group (SIVB) : Moore Capital Management Lp added new position in SVB Financial Group during the most recent quarter end. The investment management firm now holds 150,000 shares of SVB Financial Group which is valued at $22,692,000 , the company said in a statement filed on Nov 14, 2016 with the SEC.SVB Financial Group makes up approximately 1.31% of Moore Capital Management Lp’s portfolio.

Other Hedge Funds, Including , Archford Capital Strategies reduced its stake in SIVB by selling 29 shares or 50.0% in the most recent quarter. The Hedge Fund company now holds 29 shares of SIVB which is valued at $4,387.New York State Common Retirement Fund reduced its stake in SIVB by selling 8,301 shares or 5.88% in the most recent quarter. The Hedge Fund company now holds 132,924 shares of SIVB which is valued at $16,514,478. SVB Financial Group makes up approx 0.02% of New York State Common Retirement Fund’s portfolio. Summit Securities Group sold out all of its stake in SIVB during the most recent quarter. The investment firm sold 4,948 shares of SIVB which is valued $614,740. Klingenstein Fields Co added SIVB to its portfolio by purchasing 2,100 company shares during the most recent quarter which is valued at $247,086. SVB Financial Group makes up approx 0.01% of Klingenstein Fields Co’s portfolio.

SVB Financial Group opened for trading at $149.79 and hit $151.4 on the upside on Monday, eventually ending the session at $150.84, with a gain of 0.69% or 1.04 points. The heightened volatility saw the trading volume jump to 3,68,188 shares. Company has a market cap of $7,857 M.

On the company’s financial health, SVB Financial Group reported $2.12 EPS for the quarter, beating the analyst consensus estimate by $ 0.39 according to the earnings call on Oct 20, 2016. Analyst had a consensus of $1.73. The company had revenue of $433.50 million for the quarter, compared to analysts expectations of $394.26 million. The company’s revenue was up 19.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.57 EPS.

Many Wall Street Analysts have commented on SVB Financial Group. Company shares were Reiterated by RBC Capital Mkts on Nov 10, 2016 to “Outperform”, Firm has raised the Price Target to $ 146 from a previous price target of $125 .SVB Financial Group was Initiated by JMP Securities to “Mkt Outperform” on Sep 16, 2016.

SVB Financial Group (SVB Financial) is a diversified financial services bank holding and financial holding company. The Company operates through three segments: Global Commercial Bank SVB Private Bank and SVB Capital. The Company through its subsidiaries and divisions offers a range of banking and financial products and services to clients across the United States as well as in key international entrepreneurial markets. The Company offers services in the technology life science and healthcare private equity and venture capital and premium wine industries. The Company offers commercial and private banking products and services through its principal subsidiary Silicon Valley Bank (the Bank) which is a California state-chartered bank. The Bank and its subsidiaries also offer asset management private wealth management brokerage and other investment services. SVB Private Bank provides personal financial solutions. SVB Capital focuses primarily on funds management.

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